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WEBINARS
AN INTRODUCTION TO LIFE CYCLE COST ANALYSIS FOR SUSTAINABILITY AND GREEN BUILDING
DESIGN
12 December from 10:00 a.m. – 12:00 noon
Instructor Information: Robert P. Charette, P.E., CVS, PQS
Local Facilitator: To be announced
Purpose and Background
Public and private sector investors in buildings seek reassurances more than ever before that
maximum value be received for funds expended. This means that not only initial costs but long-term
operational costs must be considered. The latter costs directly affect the total cost of ownership, i.e.
the Life Cycle Cost (LCC). They also have a direct impact on the market value of a facility which
increases with lower operational cost.
This webinar introduces Life Cycle Costing, based on the American Society of Testing and Materials
(ASTM) International Building Economics Standards, as a means to achieve this objective. The
methodology, illustrated with simple examples and case histories, ensures that a uniform
standardized method is used for calculations and the analysis of investments in buildings, including
those related to energy and green buildings/sustainability.
Whether involved in the design, construction, renovation, maintenance, operation, or management
of buildings, participants will find it in their interest to understand the principles of the Life Cycle
Costing methodology, based on ASTM International standards, and its value as a tool to analyze and
lower their total cost of ownership of buildings.
Learning Outcomes
You learn the basics of Life Cycle Costing (LCC) based on ASTM Building Economics Standards, to
ensure that a uniform universal standardized method is used for LCC calculations and evaluating the
economic performance of investments in building related to energy, Green Buildings, and
sustainability: simple examples related to buildings are provided to illustrate the application of the
methodology.
Webinar Benefits
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Gain an understanding of the total cost of ownership of a facility (LCC) based on investment
costs and future operational costs
Learn of ASTM International Building Economics Standards and the convention to be
followed for the calculation of LCC
Learn how future costs may be converted to Present Values and how the performance of
investments in buildings can be measured (e.g. rate of return)
Understand the barriers to introducing LCC during design and potential solutions
From examples and case histories provided, come to realize that the methodology is
universal and applicable by all disciplines to most construction projects, including civil works
such as bridges and highways
Acquire the necessary information on LCC and ASTM Standards to recognize the benefits
resulting from their adoption as a standard practice within an organization
Be able to engage clients in a meaningful discussion on LCC, as well as demonstrate a
commitment to minimize the total cost of ownership of a facility, i.e. the LCC
Intended Audience
This webinar will benefit those who can directly or indirectly, from a supervisory or managerial
position, affect the economic viability of new and retrofit building construction projects during the
planning, design, and operational phases by applying Life Cycle Cost Analysis techniques based on
ASTM International Building Economics Standards. These include design architects and engineers,
technicians, facility managers, projects and program managers, owners, developers, Green Building
and sustainability practitioners, general and design-build contractors, cost managers/consultants
and educators. It will also be of interest to management personnel who recognize the benefits of
standardizing economic analysis practices within their organization, a task simplified by the adoption
of ASTM standards.
Webinar Outline
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The notion of the Life Cycle Costing (LCC) – examples
ASTM International Building Economics Standards
Present Value (PV) factors for converting future costs to Present Values (today’s dollar)
Data requirements and the convention to be adhered to for calculating Life Cycle Costs: an
example of the LCC costs of completing HVAC systems
Evaluating the economic performance of building investments with measures such as the
Adjusted Internal Rate of Return (AIRR); an example on calculating investment measures for
the additional cost of increasing roof insulation to save energy
Integrating LCC in the design process, barriers and solutions
Case histories: chiller VFD, geothermal HVAC, daylighting and other features of a commercial
Green Building project
The Kats Report on the Cost and Benefits of Green Buildings (addresses productivity)
LCC References
Fees See registration page.
AN INTRODUCTION TO VALUE ENGINEERING (VE) FOR VALUE BASED DESIGN DECISION-MAKING
12 December from 2:00 – 4:00 p.m.
Instructor Information: Stephen J. Kirk, Ph.D., FAIA , FSAVE , CVS - Life, LEED™AP
Local Facilitator: To be announced
Purpose and Background
The objective of this webinar is to acquaint participants with the methodology of Value Engineering
(VE) and its decision-making process. It will familiarize participants with procedures that provide
standards for VE applications. VE methodology has been developed for more than 40 years to assist
management and engineering professionals to obtain optimum value for each dollar spent. Typical
savings range from 5 to 15% for most projects. This webinar teaches VE in a practical, project-based
manner. During the webinar participants will engage in decision-making using VE tools to ensure
quality and value while reducing the cost of projects. Participants will hear about a number of case
study applications of the VE to gain practical experience. Whether involved in the design,
construction, renovation, maintenance, operation, or management of buildings, participants will find
it in their interest to understand the principles of the Value Engineering methodology, and its value
as a tool to analyze and lower their total cost of ownership of facilities.
Primary Discussion Topics
The Speaker will discuss:
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Function analysis and FAST diagramming
Cost modeling
Quality modeling
Risk modeling
Group creativity
Life cycle costing
Case study applications
Learning Outcomes
The following learning outcomes have been established for webinar participants:
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Understand the basics of Value Engineering (VE) to ensure that a standardized method is
used for VE applications to projects
Learn to perform “function analysis” for buildings and civil projects
Understand the appropriate time to apply VE for building design projects
Webinar Benefits
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Gain an understanding of the total decision-making methodology of value engineering
Learn of the “SAVE International Value Methodology Standard” and the convention to be
followed for application of VE to projects
Learn how to perform “function analysis” for buildings and civil projects
Understand the appropriate time to apply VE for building design projects
From examples and case histories provided, come to realize that the value methodology is
universal and applicable by all disciplines to most construction projects, including civil works
such as bridges and highways
Acquire the necessary information on VE to recognize the benefits resulting from their
adoption as a standard practice within an organization
Be able to engage clients in a meaningful discussion on VE as well as demonstrate a
commitment to optimize the value for facilities
Intended Audience
This webinar will benefit those who can directly or indirectly, from a supervisory or managerial
position, affect the economic viability of new and retrofit building construction projects during the
planning, design, and operational phases. It will also be of interest to management personnel who
recognize the benefits of standardizing VE practices within their organization.
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Design architects
Design engineers
Technicians
Facility managers
Projects and program managers
Owners and developers
Green building and sustainability practitioners
General and design-build contractors
Cost managers/consultants and educators
Webinar Outline
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The definition and methodology of Value Engineering
SAVE International Value Methodology Standard
Laws requiring VE in government projects
Techniques of VE such as:
– Function Analysis
– Value Models such as Cost, Quality, Risk
– Group Creativity
– Life Cycle Costing Technique (Another ASCE webinar offers an overview of this topic)
Case histories: buildings, roads, etc.
Certification Requirements
VE References
Fees See registration page.